Video: What to Expect From Microsoft's Earnings Thursday

Microsoft (MSFT) is set to report quarterly earnings on Thursday after the closing bell.

All eyes are on its Azure cloud product, which has been a cornerstone of the company's move to expand beyond software.

Microsoft is a serious contender in the race to the world's first trillion dollar company with a market cap of over $800 billion. Tech rivals like Apple (AAPL) and Amazon (AMZN) are also close to the milestone.